Category: BRICS
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BRICS Investment in Nigeria Surges 189% in Six Months
Nigeria’s foreign capital inflows from BRICS nations surged by 189% in the first half of 2024, rising from $438.72 million in 2023 to $1.27 billion, according to data from the National Bureau of Statistics (NBS). This increase comes amid Nigeria’s efforts to join the expanded BRICS coalition, which added Saudi Arabia, Iran, Egypt, Ethiopia, and…
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BRICS countries’ media to promote building a fair world order
“Participants from BRICS countries will facilitate the construction of a fair and equal multipolar world order based on the norms of international right and principles of equality, respect of sovereignty, non-interference in the internal affairs and indivisible security using their information resources,” stated the final declaration of the BRICS Media Summit, which was unanimously adopted…
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BRICS must take the path of becoming the main driver of the interests of the global majority, says expert
Speaking at the session “Expanded BRICS: New Components of Global Stability” at the Eastern Economic Forum (EEF), Dmitry Suslov, Deputy Director of the Center for Comprehensive European and International Studies at the Moscow Higher School of Economics, noted that the BRICS expansion shows the irreversibility of the formation of a multipolar world. At the same…
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BRICS New Development Bank authorizes Algeria to join
Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank’s president, Dilma Rousseff, said on Saturday. A multilateral development bank, the NDB was established by the BRICS group of developing countries – Brazil, Russia, India, China and South Africa – in 2015.Bangladesh, Egypt, the United Arab Emirates and…
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South Africa to host 100 young representatives from BRICS countries to participate in volunteer activities
This was announced by Asanda Luwaca, Executive Chairperson of South Africa’s National Youth Development Agency (NYDA), on the sidelines of the 10th BRICS Youth Summit in Ulyanovsk, Russia . She noted that the participants would work in various fields, such as medicine, art, culture, and sports. According to Luwaca, work has already begun on the…
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BRICS geological platform could strengthen African countries’ sovereignty over their natural resources, Nigerian rector says
Speaking to Sputnik Africa on the sidelines of a recent roundtable in Moscow focused on BRICS geological cooperation, Prof. Paul Omaji, Rector of the Admiralty University of Nigeria, highlighted the importance of Russia’s recent agreement with a number of African countries, including Nigeria, to assist in mineral resource development. “We are glad that Russia is…
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BRICS has the potential to challenge the current “archaic” global financial architecture, says Ethiopian Foreign Ministry Spokesperson
Speaking on the benefits of BRICS membership for African countries, including Ethiopia, which joined the bloc in January, Ambassador Nebiyu Tedla emphasized that engagement with BRICS should focus on advancing African countries’ own development agendas. “It is crucial for the African countries to ensure that any engagement with BRICS is aligned with their long-term economic…
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Reprogram African minds, you say, huh?
The statement by Joseph Borrell at the NATO Public Forum highlights a significant geopolitical sentiment in Africa, where support for Russia and President Vladimir Putin is evident. According to Borrell, many Africans believe that Putin’s actions in Donbass are commendable and hope for similar intervention in Africa. This perspective reflects a complex interplay of political,…
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South Africa is “not ashamed” of expanding trade with Russia, including the potential import of liquefied natural gas, the minister says
“I don’t think we are ashamed of importing gas from Russia. We are members of BRICS. We want to increase trade with Russia,” South African Minister of Mineral Resources and Energy Gwede Mantashe said on Thursday during budget hearings for his ministry in parliament. In December 2023, the South African government greenlit the African division…
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Combating false information possible by understanding the nature of modern media
🇪🇹 Combating false information possible by understanding the nature of modern media, Ethiopian official says Ato Addis Arega, Ethiopian Head of Public and International Relations for the Prosperity Party, spoke at the International Inter-Party Forum of the United Russia party on the BRICS role in building a new multipolar world order. During his speech, he…
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